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Mythic Owes Revenue Growth to DAoC

Posted by Jon Wood on Oct 13, 2005  | Comments

Mythic Owes Revenue Growth to DAoC - Dark Age of Camelot - MMORPG.com

Mythic Entertainment Attributes its 2,690 Percent Revenue Growth to Continued World Wide Success of Dark Age of Camelot (R)

FAIRFAX, VAOctober 13, 2005 - Mythic Entertainment, developer and publisher of the massively-multiplayer online role-playing game Dark Age of Camelot, today announced that it ranked Number Six on Deloitte’s prestigious 2005 Technology Fast 50 for Virginia, a ranking of the 50 fastest growing technology companies in the area by Deloitte & Touche LLP, one of the nation’s leading professional services organizations. Rankings are based on percentage revenue growth over five years from 2000-2004. This is the 4th consecutive year in which Mythic has been named to the Technology Fast 50.

Mythic Entertainment’s CEO, Mark Jacobs, credits the continued world wide success of Dark Age of Camelot and company’s focus on developing new content to continually expand its virtual world with the 2,690 percent revenue growth from 2000–2004. He said, “At Mythic Entertainment, we remain dedicated to the growth and prosperity of our flagship title. We take pride in being a world wide leader in online gaming and strive to provide our fantastic fan base with new and challenging experiences within Dark Age of Camelot.”

Mythic Entertainment previously ranked sixth on Deloitte’s 2004 Technology Fast 50 for the area. The average increase in revenues among companies who made the 2005 Technology Fast 50 for Virginia was 1,527.95 percent.

The Virginia Technology Fast 50 program is hosted by Deloitte & Touche LLP, along with Wilmer, Cutler, Pickering, Hale and Dorr and media sponsors, PR Newswire and WTOP Radio Network.

To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2000 and $1,000,000 in 2004, be headquartered in North America, and be a “technology company,” defined as a company that owns proprietary technology that contributes to a significant portion of the company’s operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies’ technology in a unique way does not qualify.

Winners of the 15 regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte’s Technology Fast 500 program, which ranks North America’s top 500 fastest growing technology companies. For more information on Deloitte’s Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.

[ expand press release ]

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